Avant Gardner Acquires Made Event, Electric Zoo for $15 Million – Sounderground.net

New York City’s most popular EDM venue has taken over its premier electronic festival.

Last week, Billboard reported that the investment group behind Brooklyn hotspot Avant Gardner is purchasing New York promoter Made Event for $15 million from LiveStyle.

Settled earlier this month, the deal includes Made Event’s crown jewel, Electric Zoo, the biggest electronic dance music festival in New York. As a result of the acquisition, Avant Gardner will operate Electric Zoo this year. The 100,000-capacity fest annually takes place over Labor Day Weekend and boasts an array of famed DJs like Porter Robinson, Martin Garrix, DJ Snake, and Carl Cox.